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Bellevue Real Estate Local Market Update – October 2026 September brought a mixed picture across our four markets, but, overall, homes are taking longer to sell and more are requiring a price adjustment, a clear sign that the competitive urgency of recent years has given way to a slower, more deliberate market. For buyers, that means genuine negotiating power. For sellers, it means pricing […]
Bellevue Real Estate Local Market Update – September 2026 August delivered a clear signal that our local markets are moving through their seasonal cool-down, though this year’s pullback landed harder than usual. Median prices dropped from July across three of our four areas, and more sharply than typical in August, likely a combination of the season’s usual slowdown ahead of fall and broader market […]
Bellevue Real Estate Local Market Update – August 2026 July brought a shift across our four markets: after a year of building inventory and softening prices, every market area moved into balanced territory, with prices staying relatively steady across the board. Buyers, working with more leverage than in recent years, are finding more homes to choose from and taking more time to make decisions. […]
Bellevue Real Estate Local Market Update – July 2026 Inventory continued to grow across all four of our local market areas in June, creating a more balanced environment than we’ve seen in recent years. Compared to June 2025, home prices softened in each market area, and buyers are benefiting from increased selection and more negotiation power. Well-prepared, competitively priced homes continue to attract strong […]
Bellevue Real Estate Local Market Update – June 2026 As spring draws to a close, our local housing markets continue to show a growing divide. Well-priced, well-prepared homes are selling quickly, and often for at or above asking price, while properties that miss the mark on pricing or presentation are spending more time on the market and seeing price reductions. Buyer activity remains steady despite higher inventory levels, creating a more balanced […]
Bellevue Real Estate Local Market Update – May 2026 Halfway through the spring season, and the story across our four markets is one of transition. Conditions look different than they did just 12 months ago: more homes are on the market, prices have pulled back from their peaks, and buyer-seller dynamics are quietly shifting. The opportunity is real on both sides, but geopolitical and […]
Bellevue Real Estate Local Market Update – April 2026 As spring gets underway, our region’s real estate market is sending mixed signals. March saw inventory climb across the board, yet buyer activity didn’t keep pace with that supply growth. Affordability remains a central theme: mortgage rate sensitivity continues to weigh on decision-making at higher price points, while markets that have seen meaningful price corrections […]
Bellevue Real Estate Local Market Update – March 2026 The spring real estate market got off to an early start this year, with all four of our local markets seeing a surge in homes selling above list price in February compared to January, pointing to increased buyer activity. More sellers are entering the market, giving buyers a wider selection of homes to choose from. […]
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Bellevue Real Estate Local Market Update – February 2026 The region’s housing market opened the year in a more balanced position, shaped by rising inventory, shifting buyer activity, and continued price adjustments across local markets. While affordability remains a central challenge, expanded housing supply and early signs of renewed buyer interest are beginning to influence market dynamics. KING COUNTY In January, King County’s median […]
Bellevue Real Estate Local Market Update – January 2026 As 2025 came to a close, December delivered a steadier-than-expected finish for the local real estate market. Inventory remained higher than a year ago, providing added options for buyers and easing prices. With December’s results closely aligned with October and November, the market’s long-term direction may hinge on whether active listings continue to grow as […]
Bellevue Real Estate Local Market Update – December 2025 In November, all four of our regions saw year-over-year growth and month-over-month declines in the number of active listings. While a seasonal dip is normal for this time of year, the annual increases in inventory levels are notable. Rising supply is playing a central role in moderating prices and creating a more balanced market environment. […]
Bellevue Real Estate Local Market Update – November 2025 As the year moves further into fall, all four of our local regions remain balanced. Rising inventory and easing interest rates are having a measured impact on affordability, creating a steadier environment across the Puget Sound. With supply elevated and prices holding relatively firm, both buyers and sellers are adjusting to a more even playing […]
Bellevue Real Estate Local Market Update – October 2025 The local market continued its swing towards balance in September as inventory maintained its upward trajectory. After several years of strong demand and rising costs, prices are beginning to moderate. Three out of four of our regional markets are now considered balanced — a notable shift from the frenzied pace of prior years. While prices […]
Bellevue Real Estate Local Market Update – September 2025 In the waning days of summer, the local real estate market reflected a mix of shifting prices, easing mortgage rates, and continued annual growth in inventory. Some areas still favored sellers benefiting from demand, while others gave buyers increasing leverage. Together, declining interest rates and higher supply could motivate cautious buyers to re-enter the market […]
Bellevue Real Estate Local Market Update – August 2025 Price gaps between 2024 and 2025 began to narrow across all four markets in July. Even with softer prices, sales activity remained slow in most areas, doing little to offset the growing inventory. Today’s discerning buyers have more choices and are taking the time to wait, watch, and negotiate for the right home. And with […]
Bellevue Real Estate Local Market Update – July 2025 Housing inventory across the Puget Sound climbed again in June, marking another month of double-digit year-over-year growth in active listings. While more homes on the market offer buyers greater selection, the uptick in demand hasn’t yet caught up to the surge in supply. In all four of our local markets, conditions continue to shift in […]
Bellevue Real Estate Local Market Update – June 2025 May brought a continued surge in housing inventory across the Puget Sound, with active listings reaching their highest levels since 2018. While buyer activity showed some seasonal momentum, it continued to lag behind the influx of new listings, suggesting that many buyers are staying on the sidelines as interest rates hover near 7%. Still, early […]
Bellevue Real Estate Local Market Update – May 2025 Our local real estate market is seeing sellers flood the landscape with listings, but buyers aren’t diving in. Despite double-digit increases in active listings across the board, sales declined in all four regions—possibly signaling buyer caution amid ongoing national economic uncertainty. This complete 180 in supply and demand compared to last year’s intensely competitive market […]
Bellevue Real Estate Local Market Update – April 2025 Tulips are blooming, the days are growing longer, and the housing market is showing clear signs of seasonal momentum. Inventory continued its steady rise in March, with all four markets posting double-digit year-over-year gains in new listings. Condo inventory saw especially sharp increases — a continuing trend partly driven by the growing appeal of non-traditional […]
Bellevue Real Estate Local Market Update – March 2025 February typically brings a quiet real estate market, though this year, the balance between affordability and inventory shaped activity across the Puget Sound. While 30-year mortgage rates dipped slightly from January, rising home prices remained a challenge for buyers, potentially tempering demand. Despite a significant increase in active listings compared to last year, closed sales […]
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